Chamisa Dismisses New Currency (ZIG)

Opposition leader Advocate Nelson Chamisa has emphasized the need for political reform rather than a mere change in currency in Zimbabwe.

In a recent statement, Chamisa asserted, “ZIMBABWE NEEDS POLITICAL CHANGE NOT A CURRENCY CHANGE…A currency is a bundle of trust and confidence. A currency is not a currency without confidence and value. ” He highlighted the importance of trust and confidence in the government for the stability and value of currency.

“Money represents a collective trust in the stability and reliability of the government. Its value is derived from the amalgamation of this confidence.”

Chamisa further elaborated that money represents a collective trust in the government’s stability and reliability, with its value linked to this confidence. Instead of focusing solely on introducing a new currency, he advocated for a dialogue that would lead to a citizen-backed political change and the formation of a new government.

“Instead of introducing a structured currency, we need a conversation that produces a Citizens-backed structured political change and new government. A bond note by another name will not fix our challenges. A currency is a bundle of confidence. And confidence is a product of good politics and good leadership. Currency change has failed before. And it surely will fail again. All this, because of broken politics, disputed elections and contested national processes.

In recent years, all these currencies failed because of bad politics: ZW$, USD, Bond note, RTGS, ZWL$, Gold coins, ZiG. It is given that the new currency will fail again because of BAD POLITICS. Currency reforms will not guarantee currency stability but good politics will lay the foundation for currency stability Zimbabwe needs a political and democratic leadership change, not a currency change. No amount of currency change will pivot the nation into prosperity and boom.

The citizens have zero confidence in the leader of the country. Once the citizens lose confidence in an administration they automatically lose confidence in all that it stands for or represents. Nothing short of a TOTAL CHANGE and seeking the face of Our God will rescue the nation’s fortunes.#FixPolitics #OnePeople

#Godisinit“

ALSO READ: JUST IN: Reserve Bank of Zimbabwe Introduces New Currency “Zimbabwe Gold (ZiG)

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Meanwhile, amidst these calls for political change, the Reserve Bank of Zimbabwe (RBZ) has announced a significant development in the country’s currency landscape. RBZ Governor Dr. John Mushayavanhu disclosed during the presentation of the 2024 Monetary Policy Statement (MPS) that a new structured currency named the “Zimbabwe Gold (ZiG)” will be introduced, starting this Friday.

Governor Mushayavanhu emphasized that the introduction of ZiG is aimed at establishing a solid and stable currency for Zimbabwe. This announcement comes at a critical juncture and signals a proactive approach by the RBZ to address currency stability and economic concerns in the nation.